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The Latest Breaking News from IRS

6 Millionaires Who Exploited Loopholes to Avoid Taxes

Tax season is when the average American tightens their belt, digs through receipts, and hopes for a decent refund. For the ultra-wealthy, however, it’s a whole different game—one that often involves complex strategies, high-powered accountants, and the ability to legally dodge what most people consider a civic duty. The rich…

Clever Dude

Divorce and Your Home: An Expert's Guide to Avoiding a Tax Bomb

Your home is probably your biggest asset, so if you're getting a divorce, the stakes are high. Keep it? Sell it? You need to have a good plan in place for how to handle it.

Kiplinger

12 Government Policies That Quietly Protect the Wealthy

In the grand theater of politics, much of the focus is placed on helping the middle class and uplifting the poor. Speeches are filled with promises of fairness, equality, and opportunity. But behind the curtains, there exists a series of policies that do the exact opposite.

Clever Dude

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7 Things the IRS Doesn’t Want You to Understand

Every year, millions of Americans dread the moment they have to deal with the Internal Revenue Service. Whether it’s filing taxes, managing an audit, or simply trying to make sense of deductions, the system feels deliberately confusing. While the IRS isn’t necessarily hiding secrets in a malicious way, there are…

Clever Dude

‘Ninja’ Scott Bessent says Elon Musk fancies himself as ‘a viking’ as he tries to downplay their feud

Treasury secretary and former head of DOGE clashed in West Wing in April within earshot of Donald Trump in Oval Office

The Independent UK

12 Tax Deductions You’re Probably Missing (And Leaving Money on the Table)

Tax season can feel overwhelming, but it’s also a golden opportunity to keep more of your hard-earned money. Every year, millions of Americans miss out on valuable tax deductions simply because they don’t know they exist or assume they don’t qualify. These overlooked tax deductions can add up to hundreds…

The Free Financial Advisor

10 Times the IRS Was the Least Scary Option

When most people hear “IRS,” their first reaction is a shiver down the spine. The Internal Revenue Service has a reputation for being intimidating, and for good reason—no one wants to get on the wrong side of a tax audit. But what if the IRS isn’t always the villain in…

The Free Financial Advisor

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“I Haven’t Filed Taxes in Years”: What to Do (Don’t Panic!)

Falling behind on taxes is more common than you might think, but it can feel overwhelming and isolating. Maybe life got busy, you lost track of deadlines, or you just didn’t know where to start. If you’re thinking, “I haven’t filed taxes in years,” you’re not alone and out of…

Clever Dude

The Cities With the Most IRS Audits Last Year

No one wants to see a letter from the IRS in their mailbox. An audit is a stressful and costly process for anyone. Many people wonder what triggers this dreaded attention. Surprisingly, your location can play a big role in your risk. Let’s explore the cities where IRS audits are…

Budget and the Bees

Don't Miss These Four Tax Breaks for Americans Living Abroad in 2025

U.S. expats can reduce their tax burden by taking advantage of a handful of tax credits and deductions.

Kiplinger

7 Financial Hacks That Sound Illegal (But Aren’t)

There’s something thrilling about discovering a loophole that saves money, especially when it feels like it’s bending the rules—without actually breaking them. In a world where every dollar seems taxed, tracked, or tagged, some financial tricks can feel too good to be true. But not every money-saving move is shady;…

Everybody Loves Your Money

Summer Backyard Ideas With Added Tax Benefits for 2025

Find out how these summer 2025 home projects can help you save on taxes next year.

Kiplinger

9 Financial Decisions That Seem Smart Until You’re Dead

We all want to make financial decisions that set us up for a secure future. It’s easy to fall for advice that sounds smart on the surface, especially when it promises quick wins or peace of mind. But some financial decisions, while seemingly clever, can actually hurt you—or your loved…

Clever Dude

Ex-Rep. Long confirmed as Trump’s IRS commissioner - Roll Call

Former Rep. Billy Long won confirmation Thursday to be the next commissioner of the International Revenue Service.

Roll Call

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The Free Financial Advisor

9 Ways Old People Are Getting Scammed in Plain Sight

Older adults are increasingly targeted by scammers who use clever tricks and emotional manipulation to steal money, personal information, and even peace of mind. These scams are often hiding in plain sight, making them especially dangerous for seniors who may not be aware of the latest tactics. The risks are…

Clever Dude

12 Agencies You Must Contact After Your Spouse Passes—Before It Costs You

Did you know that you have to notify agencies when your spouse passes away? Among the list of a thousand things to do, you have to reach out to various institutions to inform them of their death. Failing to do so can result in lost benefits, identity theft, or potentially…

Clever Dude

10 Hidden Tax Breaks You’re Probably Not Using (Even Your CPA Might Miss Them)

Paying taxes is a fact of life, but that doesn’t mean you have to pay more than your fair share. Every year, millions of Americans leave money on the table by missing out on hidden tax breaks. Even if you work with a CPA, some deductions and credits can slip…

Clever Dude

The Loopholes, Lies, and Lucky Breaks: 5 Ways People Beat the Tax System

Taxes are a fact of life, but that doesn’t mean everyone plays by the same rules. Every year, millions of people look for ways to pay less, sometimes bending the rules and sometimes breaking them outright. The tax system is complicated, and where there’s complexity, there are loopholes and opportunities…

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Roll Call

Bessent, House Democrats spar over budget package's debt boost - Roll Call

Democrats questioned Treasury Secretary Scott Bessent over the effect of Republicans’ “big, beautiful” reconciliation bill on the debt.

The Guardian - US

Trump is waging war against citizens in LA. This is a dangerous new era

In its first months in office, the Trump administration enacted what could be called soft authoritarianism. Now we are in a second phase

Clever Dude

Why Some Roth IRA Withdrawals Aren’t as Tax-Free as Advertised

Saving for retirement is a top priority for many, and Roth IRAs are often touted as the ultimate tax-free retirement vehicle. The promise of tax-free withdrawals in retirement is a huge draw, making Roth IRAs a favorite among savvy savers. But here’s the catch: not every Roth IRA withdrawal is…

The Independent UK

Top RFK Jr. aide attacks US health system while running company that promotes wellness alternatives

A top aide to Health Secretary Robert F

The Conversation

For Trump’s ‘no taxes on tips,’ the devil is in the details

President Donald Trump’s promise to eliminate taxes on tips may sound like a windfall for service workers — but the fine print in Congress’ latest tax bill tells a more complex story.

Motor1

The New Nissan Leaf Is Torquier. But That's Not Even Its Biggest Upgrade

Nissan has been teasing the new Leaf since the end of March, when the first official image was at the center of the company’s product onslaught. Since then, we’ve learned that it will be the company’s most aerodynamic production model, although the version for the United States won’t be as…

Clever Dude

10 Times DIY Cost People More Than Hiring a Professional

Trying to save money with a do-it-yourself approach can be tempting, especially when you see countless tutorials and success stories online. But sometimes, DIY cost ends up being much higher than simply hiring a professional. From home repairs to financial planning, the risks of going it alone can lead to…

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